M&G PLC Acquires 185,609 Shares of Blue Owl Capital Inc. $OWL

M&G PLC increased its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 13.8% during the third quarter, HoldingsChannel.com reports. The fund owned 1,535,360 shares of the company’s stock after buying an additional 185,609 shares during the quarter. M&G PLC’s holdings in Blue Owl Capital were worth $26,101,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Chicago Partners Investment Group LLC lifted its stake in shares of Blue Owl Capital by 8.1% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 601,768 shares of the company’s stock valued at $12,288,000 after buying an additional 45,261 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in Blue Owl Capital by 185.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 136,956 shares of the company’s stock valued at $2,319,000 after acquiring an additional 88,935 shares during the period. Truist Financial Corp lifted its position in shares of Blue Owl Capital by 7.8% during the third quarter. Truist Financial Corp now owns 1,062,214 shares of the company’s stock worth $17,983,000 after acquiring an additional 76,942 shares in the last quarter. TrueMark Investments LLC bought a new position in shares of Blue Owl Capital in the third quarter worth $6,874,000. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in Blue Owl Capital by 85.0% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,915,985 shares of the company’s stock worth $49,368,000 after purchasing an additional 1,339,495 shares in the last quarter. Institutional investors own 35.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group lowered their price target on shares of Blue Owl Capital from $16.25 to $14.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. TD Cowen reiterated a “buy” rating on shares of Blue Owl Capital in a research note on Wednesday, January 14th. Barclays cut their price target on shares of Blue Owl Capital from $18.00 to $15.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Evercore set a $14.00 price target on shares of Blue Owl Capital in a report on Friday, February 6th. Finally, Evercore ISI set a $14.00 price objective on Blue Owl Capital in a research note on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $19.22.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $12.31 on Monday. Blue Owl Capital Inc. has a fifty-two week low of $10.88 and a fifty-two week high of $24.28. The stock has a market cap of $19.19 billion, a P/E ratio of 123.08, a price-to-earnings-growth ratio of 0.98 and a beta of 1.11. The firm’s fifty day moving average price is $14.86 and its 200-day moving average price is $16.29.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, February 5th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. Blue Owl Capital had a return on equity of 20.70% and a net margin of 2.75%.The business had revenue of $701.47 million for the quarter, compared to analysts’ expectations of $712.75 million. On average, analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 20th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a $0.90 annualized dividend and a dividend yield of 7.3%. Blue Owl Capital’s dividend payout ratio (DPR) is 900.00%.

Insider Buying and Selling at Blue Owl Capital

In related news, CEO Douglas I. Ostrover purchased 139,327 shares of Blue Owl Capital stock in a transaction that occurred on Tuesday, December 2nd. The shares were acquired at an average cost of $15.06 per share, for a total transaction of $2,098,264.62. Following the transaction, the chief executive officer directly owned 158,000 shares in the company, valued at $2,379,480. The trade was a 746.14% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Marc S. Lipschultz acquired 69,663 shares of the stock in a transaction on Tuesday, December 2nd. The stock was bought at an average price of $15.06 per share, with a total value of $1,049,124.78. Following the transaction, the chief executive officer directly owned 79,000 shares of the company’s stock, valued at approximately $1,189,740. The trade was a 746.10% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have acquired 395,670 shares of company stock valued at $5,952,393. Corporate insiders own 27.44% of the company’s stock.

Blue Owl Capital Company Profile

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.